'Multi-currency regime to stay,' says Chinamasa

The Finance Minister, Patrick Chinamasa says the multi-currency regime prevailing will be maintained until the economy stabilises.

The remarks come a few weeks after there was scepticism over the use of the multi-currency system though the government made it clear that the Zimbabwean dollar will not return soon.

Officially opening the Zimbabwe Revenue Authority (ZIMRA) Taxpayers Appreciation Day, Chinamasa said being the one who introduced the multi-currency system in January 2009, he is the right person to set the record straight that there are no plans to scrap the system until a time when the economy will have fully recovered.

"We have a number of challenges within the economy and we are going to maintain the multi-currency system indefinitely. I also want to urge ZIMRA to remain resolute on stamping out all forms of corruption for increased revenue," he said.

ZIMRA Commissioner General, Gershem Pasi said his organisation will strive to improve technology and fight corruption which had become rampant in the country.

He urged Zimbabweans to work closely with his organisation to curb corruption.

"We are working towards embracing new technologies for the future, this will also play an important role towards curbing corruption which had become part of the country's DNA," he said.

The inaugural Taxpayers Appreciation Day was held on the 30th of September 2011.

This year's celebrations saw firms and individuals walking away with prizes in various categories such as pay as you earn (PAYE), customs, excise and value added tax (VAT), among other sections.
- zbc